ExxonMobil Awards $1.1 Billion in Contracts for Mozambique’s Rovuma LNG Project

Aug 17 (Reuters) – ExxonMobil (XOM.N) said on Monday it has awarded about $1.1 billion worth of pre-investment contracts for certain ​upstream equipment for the Rovuma LNG ‌Phase 1 project in Cabo Delgado.

Here are more details:

• The U.S. oil major awarded the contracts ​on behalf of the so-called Area ​4 partners, which include Mozambique’s Empresa Nacional ⁠de Hidrocarbonetos, or ENH, China National ​Petroleum Corp, Italy’s Eni (ENI.MI), Korea Gas Corp and Abu ​Dhabi National Oil Co’s XRG.
• The awards cover subsea production systems, large-bore production valves and offshore line ​pipe, and are intended to support ​the project’s progress toward a final investment decision.
• OneSubsea UK ‌and ⁠OneSubsea AS received the largest contract, covering engineering, procurement, fabrication and manufacturing of subsea production systems, controls and umbilicals. Aker ​Solutions Mozambique ​will ⁠support in-country work.
• Other suppliers include Advanced Technology Valve, Corinth Pipeworks, Sumitomo ​Corporation of America and Zhejiang ​Jiuli ⁠Hi-Tech Metals.
• Exxon had lifted force majeure on the Rovuma LNG project in November after pausing ⁠operations ​in 2021 due to ​security concerns in the southern African country.

Reporting by Pranav ​Mathur in Bengaluru; Editing by Leroy Leo

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